Extension of Firm Offer Deadline
Evoke PLC announced that constructive discussions are continuing with Bally's Intralot S.A. regarding a possible offer for the entire issued share capital at 50 pence per share, which is expected to be an all-share combination with a partial cash alternative. The deadline for Bally's Intralot to announce a firm intention to make an offer has been extended to 5:00 p.m. on June 8, 2026, with the possibility of further extension. Bally's Intralot has confirmed that any firm offer would be subject to customary conditions and approvals, and they reserve the right to vary the terms, including price and consideration mix. There is no certainty that an offer will be made or on what terms.
Select text to share a quote on X · sign in to keep highlights & notes in your EVOK notes
On 20 April 2026, evoke announced that it was in discussions with Bally's Intralot S.A. ("Bally's Intralot") regarding a possible offer for the entire issued and to be issued share capital of the Company at a price of 50 pence per share (the "Proposal").
Constructive discussions are continuing between the parties in relation to the Proposal, which is expected to comprise an all-share combination with a partial cash alternative.
Accordingly, Bally's Intralot has requested, and the evoke Board has agreed to, an extension to the date by which Bally's Intralot is required either to announce a firm intention to make an offer for the Company or to announce that it does not intend to make an offer. Such announcement must now be made by not later than 5.00 p.m. (London time) on 8 June 2026. This revised deadline can be extended with the consent of the Company.
A further announcement will be made when appropriate.
Bally's Intralot has confirmed that any firm offer, if made, would be subject to customary conditions and approvals and that it reserves the right to vary the terms of any such offer, including the price, the form and mix of consideration and the structure of the transaction.
This announcement has been made with the consent of the Bally's Intralot Board.
Rothschild & Co.
Edward Duckett
Daniel Ross
Ashley Gillard
The City Code on Takeovers and Mergers
The City Code on Takeovers and Mergers (the "Code") does not apply to the Company as it is registered in Gibraltar. As a result, a takeover offer for the Company will not be regulated by the UK Panel on Takeovers and Mergers (the "Panel"). The Company's articles of association contain certain provisions requiring the Company to use its reasonable endeavours to apply the rules of the Code to a takeover offer for the Company (except where not in the best interest of the Company to do so), although these do not provide the full protections afforded by the Code and the enforcement of such provisions is the responsibility of the Company, not the Panel. Accordingly, shareholders of the Company are reminded that the Panel does not have responsibility, in relation to the Company, for ensuring compliance with the Code and is not able to answer shareholders' questions in that regard.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.